Appleton Partners Inc. MA Acquires 482 Shares of Roper Technologies, Inc. (NYSE:ROP)

Appleton Partners Inc. MA boosted its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,677 shares of the industrial products company's stock after acquiring an additional 482 shares during the period. Appleton Partners Inc. MA's holdings in Roper Technologies were worth $11,789,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Lecap Asset Management Ltd. acquired a new stake in shares of Roper Technologies in the 4th quarter valued at approximately $980,000. Golden State Wealth Management LLC bought a new position in Roper Technologies during the 4th quarter worth $45,000. Global X Japan Co. Ltd. lifted its stake in shares of Roper Technologies by 30.0% in the fourth quarter. Global X Japan Co. Ltd. now owns 1,031 shares of the industrial products company's stock worth $536,000 after acquiring an additional 238 shares during the period. Fairvoy Private Wealth LLC bought a new stake in shares of Roper Technologies in the 4th quarter valued at $2,031,000. Finally, Ameliora Wealth Management Ltd. bought a new stake in Roper Technologies during the fourth quarter valued at $49,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Price Performance

NYSE ROP traded up $6.83 on Tuesday, hitting $581.35. The stock had a trading volume of 552,398 shares, compared to its average volume of 689,163. The firm has a 50-day moving average of $537.59 and a 200-day moving average of $545.38. The company has a market capitalization of $62.34 billion, a price-to-earnings ratio of 40.54, a price-to-earnings-growth ratio of 2.78 and a beta of 1.05. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $584.43.

Analyst Ratings Changes

Several research firms have recently weighed in on ROP. Truist Financial reiterated a "buy" rating and issued a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. JPMorgan Chase & Co. increased their price objective on Roper Technologies from $539.00 to $558.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Mizuho boosted their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Robert W. Baird upped their price objective on Roper Technologies from $635.00 to $652.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Finally, Oppenheimer raised their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $622.30.

Insider Buying and Selling

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the business's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the completion of the transaction, the director now owns 20,187 shares of the company's stock, valued at $11,612,571.75. The trade was a 1.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John K. Stipancich sold 1,000 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.04, for a total transaction of $578,040.00. Following the completion of the transaction, the vice president now directly owns 38,932 shares in the company, valued at $22,504,253.28. The trade was a 2.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,101 shares of company stock worth $2,947,475. Corporate insiders own 0.87% of the company's stock.

Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.